Ann: AGI Chairman and CEO AGM Addresses to Shareholders, page-4

Well we attended the AGM and in summary I am no more informed now than before the meeting. Len is handing over to Graeme Campbell who is a good operator, Chief Technology guy is senior guy from Aristocrat and a Novomatic guy comes on to the board. Spoke to senior people after the meeting and they are very aware of the shorting of the stock and it frustrates them, they feel they are being rated just on the Aussie performance which is poor. Growth in USA and other places, like latin America very good and continuing, so medium to long term company is sound and growing. As for Novomatice's plans etc, no comment and I suggest they do not know, Danny's position may be under examination.
The downturn in OZ is due to the unexpected success of Aristocrat's lightning game, and that's it; no one expected it to be so successful most importantly aristocrat and it is interesting to know that they dont even own the game, so it was just luck, as it was for AGI quad shots etc a few years ago.
What will turn this company around, a killer new game or games, its that simply, and once again that is a lot of market research and dead set luck!! I expect the dividend to be under pressure in the near future.
The elephant in the room is Novomatic what will they do, we will continue to hold as the company is sound and growing but will be watching and in dialogue with board and management.